Romania Inflation

Romania: Inflation rises in July

August 11, 2014

In July, consumer prices fell 0.05% over the previous month, which was above the 0.27% fall observed in June. According to the National Institute of Statistics (INSSE), July’s result reflected lower prices for food goods.

Annual headline inflation rose from 0.7% in June to 1.0% in July. Inflation is still below the Central Bank’s tolerance margin of plus/minus 1.0% around its target of 2.5%. Annual average inflation fell from 1.8% in June to a record low of 1.5% in July.

The Central Bank foresees inflation ending 2014 at 3.0%. FocusEconomics Consensus Forecast panelists see inflation of 3.4% by the end of 2014, which is down 0.1 percentage points from last month’s forecast. For 2015, panelists anticipate 3.2% inflation.

Author:Dirina Mançellari, Senior Economist

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